Posts Tagged ‘sports betting advisors’

Sports Betting Advisors

Saturday, June 18th, 2011

With the current recession and fiscal constraints, many United States governors are re-thinking the illegal nature of sports betting and gambling. Similar to Prohibition, when making alcohol illegal just made it go underground just made it proliferate. Even states other than Nevada are looking at ways to make gambling legal so they can take a significant cut of it. Interesting isn’t it?

Despite the legalities, what actually draws the public to a sports betting firm or bookmakers to place wagers on sporting events? Many people are drawn by the thrill and extra excitement of having “something riding” on a game and can usually catch the game itself and its outcome by watching a TV broadcast. Games that are televised typically generate more bets and betting interest than non-televised games. However, playing games just because they are on TV is certainly not going to put any sports bettor into profit.

Believe it or not, less than 10% of all consistent sports bettors will end up with a profit at the end of the year. Many sports bettors lack the expertise, resources, and time to intelligently analyze a sporting event to the extent that it gives them an advantage over the bookmaker. Professional handicappers spend hours and hours each day analyzing statistics, reading press releases, studying injury reports, watching weather forecasts, tracking line movements, analyzing trends, and comparing team and player match-ups.

In addition to the thrill of having “a little something” riding on a sporting event, the everpresent lure of preying on the greedy never disappears. Many sports services advertise winning percentages which are nothing more than false claims and marketing ploys to reel in the sports bettor in search of making that “big hit.” The reality of betting is that any person able to consistently predict the outcome of a game (against the spread) more than 60% of the time is in the top 10 to 15 percent of all handicappers. We are not talking about the hobbyist handicapper here who places a bet once in a while on their Alma Mater or a once a year wager on the Super Bowl. We are talking about those that place 200 to 300 serious wagers per year in order to make a living from it.

The reality of making money by betting on sports relies on longterm staying power, intelligence, and a thorough understanding of how the line works. Picking a sport to get to know intimately, following solid betting advice, and having a longterm financial strategy will see any bettor through to a healthy ROI over time.

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